If you look across the market you will see that Wednesday the...

If you look across the market you will see that Wednesday the funds shifted away from risk/small caps, mainly to financials, but imagine they were also cashing up.

Yesterday continued the trend.

Not just IT but all the best quality growth stocks eg ofx, srx, all correcting on the view they have gotten too far ahead of earnings multiples or don't have an imminent stock catalyst to carry them through a correction.

the market looks to me like its falling over on itself as asx's belated wave of buying support wilts in face of dow's inevitable letting off some steam.

just goes to show - the asx market continues to be a lag follower with no mind of its own. asx investors have zero cojones as a collective.

good buying here long term but I think there's risk of 5-10% fall in US and us going back to 51-5200.

im 80% in cash.

agree on the views re icq others have expressed, ex one. there's relatively speaking a lot of liquidity for a stock of this mkt cap. just a lot of gaps on big moves because the liquidity had algorithim driver. I think probably Asian hedge funds play a big part in this stock.

mind you - nothing like a top 50 liquidity. but who would expect it to be.